Application For Residential Homestead Exemption For 2023 In Hillsborough
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FAQ
You are 65 years of age, or older, on January 1; You qualify for, and receive, the Florida Homestead Exemption; Your total 'Household Adjusted Gross Income' for everyone who lives on the property cannot exceed statutory limits.
Please Note: We are currently accepting E-file applications for the tax year 2025 only. To be eligible for homestead exemption, you must be a permanent resident of Florida, who owns real property as of January 1 of the year in which you are applying.
Those who meet eligibility requirements must file an application (Form DR-501) with the Lee County Property Appraiser's office. Exemption applications must be submitted by March 1st of the year in which you qualify to be considered timely filed. File online at: .leepa.
Florida law (196.011(8) F.S.) allows for late filing with good cause. Late exemption applications are accepted until 25 days after the Notice of Proposed Property Taxes, also called TRIM (Truth in Millage) Notices are mailed. The exemption will be considered for the following tax year.
The newly-expanded Homestead Exemption reduces the assessed value on your home by up to $50,000. If you've lived in Florida full-time as of January 1, you could save up to $800 annually in property taxes. In addition, your assessed value cannot increase more than 3% per year once you are granted an exemption.
When to file: Application for all exemptions must be made between January 1 and March 1 of the tax year. However, at the option of the property appraiser, original homestead exemption applications may be accepted after March 1, but will apply to the succeeding year.
When someone owns property and makes it his or her permanent residence or the permanent residence of his or her dependent, the property owner may be eligible to receive a homestead exemption that would decrease the property's taxable value by as much as $50,000.
When to file: Application for all exemptions must be made between January 1 and March 1 of the tax year. However, at the option of the property appraiser, original homestead exemption applications may be accepted after March 1, but will apply to the succeeding year.
